Tilray Brands Inc
For the period ended Nov 30, 2023. Filed Jan 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 9, 2024
TLRY$2.65-7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
(in thousands of United States dollars, unaudited)
| For the six months | ||
|---|---|---|
| ended November 30, | ||
| 2023 | 2022 | |
| Cash used in operating activities: | ||
| Net loss | $(102,046) | $(127,429) |
| Adjustments for: | ||
| Deferred income tax recovery | (4,042) | (12,941) |
| Unrealized foreign exchange (gain) loss | (5,604) | 2,261 |
| Amortization | 62,341 | 67,387 |
| (Gain) loss on sale of capital assets | (20) | 13 |
| Other non-cash items | (2,623) | 10,372 |
| Stock-based compensation | 16,458 | 20,136 |
| (Gain) loss on long-term investments & equity investments | (412) | 1,918 |
| Loss on derivative instruments | 7,992 | 18,997 |
| Change in fair value of contingent consideration | (10,807) | 211 |
| Change in non-cash working capital: | ||
| Accounts receivable | 4,524 | 6,690 |
| Prepaids and other current assets | 3,764 | (7,780) |
| Inventory | 8,669 | 5,046 |
| Accounts payable and accrued liabilities | (24,445) | (1,941) |
| Net cash used in operating activities | (46,251) | (17,060) |
| Cash provided by (used in) investing activities: | ||
| Investment in capital and intangible assets, net | (10,011) | (7,537) |
| Proceeds from disposal of capital and intangible assets | 365 | 2,160 |
| Disposal (purchase) of marketable securities, net | 125,479 | (243,186) |
| Business acquisitions, net of cash acquired | (60,626) | (24,372) |
| Net cash provided by (used in) investing activities | 55,207 | (272,935) |
| Cash provided by (used in) financing activities: | ||
| Share capital issued, net of cash issuance costs | — | 129,593 |
| Shares effectively repurchased for employee withholding tax | — | (1,189) |
| Proceeds from long-term debt | 32,621 | 1,288 |
| Repayment of long-term debt | (14,901) | (10,420) |
| Proceeds from convertible debt | 21,553 | — |
| Repayment of convertible debt | (107,330) | (48,975) |
| Repayment of lease liabilities | (91) | (1,114) |
| Net decrease in bank indebtedness | (3,200) | (2,819) |
| Net cash provided by (used in) financing activities | (71,348) | 66,364 |
| Effect of foreign exchange on cash and cash equivalents | 709 | (2,060) |
| Net decrease in cash and cash equivalents | (61,683) | (225,691) |
| Cash and cash equivalents, beginning of period | 206,632 | 415,909 |
| Cash and cash equivalents, end of period | $144,949 | $190,218 |
Included in the statement of cash flows cash and cash equivalents is $1,576 of restricted cash as of* November 30, 2023*,$nil as of* May 31, 2023.*
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.